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05. Resolution 4407 - Budget Amendment - Severance BenefitsRESOLUTION NO. 4407 A RESOLUTION CALLING FOR THE AMENDMENT OF THE ANNUAL APPROPRIATIONS OF THE CITY OF KALISPELL, MONTANA, AS SET FORTE IN THE 1997-98 BUDGET ADOPTED BY THE CITY COUNCIL FOR THE PURPOSE OF APPROPRIATING FUNDS FOR SEVERANCE BENEFITS. WHEREAS, in the budget adopted by the City of Kalispell for the 1998 fiscal year, certain detailed and itemized estimates of expenditures for salaries and severance benefits for the City Manager and Police Department of the City have proven inaccurate in the operation of the said offices for the 1998 fiscal year, and WHEREAS, the overall expenditures of the said offices are currently not in excess of the total of such estimates of expenditures adopted in the City's budget for the 1998 fiscal year, however, it does appear that the total of the budgeted appropriations in said classification will exceed such estimate for the balance of the 1998 fiscal year, and WHEREAS, reserves available under General Fund classification will have cash not appropriated and said excess may be utilized, to that, the respective budget appropriations are not exceeded by expenditures, and WHEREAS, said reserves are revenue accruing to the City not appropriated pursuant to Section 7-6-4271, and constitutes an overall increase in appropriation authority, and WHEREAS, the appropriate fund would be a General Fund, 1000, with the appropriate expenditure line item. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION I. Funds from cash reserves in the amount of $60,000.00 for lump sum severance benefits for the City Manager, Police Chief and Assistant Police Chief are hereby appropriated. SECTION II. This Resolution shall become effective immediately upon its passage by the City Council. j:\-vN-p\xes\severance.vvpd PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS DAY OF JUKE, 1998. Wm. E. Boharski - Mayor ATTEST: Theresa White Clerk of Council j : \wp\res\severance. c*pd